Knauth, Nachod & Kuhne v. Latham & Co. - 242 U.S. 426 (1917)
U.S. Supreme Court
Knauth, Nachod & Kuhne v. Latham & Co., 242 U.S. 426 (1917)
Knauth, Nachod & Kuhne v. Latham & Company
Nos. 98, 259, 260
Submitted November 13, 1916
Decided January 8, 1917
242 U.S. 426
A bill seeking to impress a trust upon personal property belonging to a bankrupt's estate, upon the theory that it was procured by means of moneys of which the plaintiff was defrauded by the bankrupt, must trace such moneys by adequate averments into the specific property sought to be affected.
Claimants seeking priority of payment from a bankrupt's estate upon the ground that moneys obtained from them fraudulently by the bankrupt went into his business and swelled the estate must go to the bankruptcy court in which the estate is being administered; such claims are not adjudicable in suits for the recovery of the bankrupt's property in other jurisdictions.
219 F. 721 affirmed.
The cases are stated in the opinion.